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$ 2,000,000
Est. payment /mo
Active
1241 E WOODWARD HEIGHTS Boulevard Hazel Park, MI 48030
16 Baths
0.5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Hazel Park
Subdivision Hazel Park
MLS Listing ID 20261055689
Year Built 2019
Annual Tax Amount $45,847
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 151x151
Source Realcomp
Property Description
Steeple Chase (1241 & 1251 E. Woodward Heights Blvd., Hazel Park, MI, 48030) offers an exceptional investment opportunity in a newly constructed 18-unit multifamily community located in Southeast Oakland County, one of Michigan's fastest-growing submarkets. This property provides a significant opportunity for investors to establish a presence in the desirable Southeast Michigan market.This Investment also offers potential as a great Condo Conversation project. The property features four contemporary two-bedroom, two-bath floor plans, each offering over 1,300 SF of living space and an attached one-car garage. Units include a modern kitchen with premium cabinetry and granite countertops, spacious baths, and luxury flooring. Select units feature a spiral staircase leading to a master bedroom in a two-story townhome design.Situated in Hazel Park, Steeple Chase offers immediate access to Metro Detroit via I-75 and I-696 and is less than two miles from downtown Ferndale, known for its vibrant lifestyle and family-friendly atmosphere. The nearby Amazon Fulfillment facility serves as a major employment hub, enhancing the property's appeal.Hazel Park, with its unique small-town charm and urban setting, is home to over 16,000 residents. Its friendly neighborhoods and local shops make it a beautiful place to live, work, and invest. Steeple Chase promises strong long-term cash flow prospects once stabilized, making it a high-performing multifamily investment.
Location
State MI
County Oakland
Zoning Multi-Family
Direction Take John R to E. Woodward Heights (east bound)
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Schools
School District Hazel Park
Others
Tax ID 2525251011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RLB Realty Limited LLC